By Ed Frankl


Germany's exports increased in May, driven by U.S. trade, as manufacturers proved relatively resilient to uncertainty prompted by the Iran war.

Seasonally adjusted exports from Germany were 0.9% higher than in April, reaching 137.9 billion euros ($157.4 billion), the highest level since September 2022, statistics agency Destatis said Thursday.

Exports to the U.S. rose 23% on month, or 15% compared with the same month of last year. Exports to China rose 7.1% on month, but exports to the European Union dropped 1.1%.

Industrial production also rose in May, figures published earlier this week showed, suggesting German manufacturers are managing the fallout from the Iran war. Some of that resilience may come from companies front-loading orders of German goods to get ahead of expected supply-chain difficulties and price rises due to the war.

Imports to Germany sank 2.5% on month, which given the rise in exports meant its seasonally adjusted trade surplus rose to 19.1 billion euros in May, up from 14.7 billion euros in April, Destatis said.


Write to Ed Frankl at edward.frankl@wsj.com


(END) Dow Jones Newswires

07-09-26 0247ET